Tenants include Pearsons Department Store and Pellys LLP
Prominent town centre location
Nearby occupiers include HSBC, NatWest, Pizza Express and Savills
Established retail/office area
Active management opportunities
On-site car parking for approximately 12 cars
Lot 45
Auction 8th July 2010
Rent £166,100 per Annum
Status Sold Post
Price
Sector High Street Retail
Auction Venue Millennium Hotel 39-44 Grosvenor Square Mayfair London W1K 2HP
Property Information
Location
Miles
2 miles west of the M11 (Junction 8/8A)
19 miles north-west of Chelmsford
37 miles north of London
Roads
A120, M11, A1, M25
Rail
Bishop's Stortford Railway Station
Air
London Stansted Airport
Situation
The property is situated in a prominent town centre location adjoining Pearsons Department Store, with Basbow House fronting Basbow Lane and Sworders Court being accessed from North Street, one of the town's main retail areas. Nearby occupiers include HSBC, NatWest, Pizza Express and Savills.
Tenure
Freehold.
Location
Miles
2 miles west of the M11 (Junction 8/8A)
19 miles north-west of Chelmsford
37 miles north of London
Roads
A120, M11, A1, M25
Rail
Bishop's Stortford Railway Station
Air
London Stansted Airport
Situation
The property is situated in a prominent town centre location adjoining Pearsons Department Store, with Basbow House fronting Basbow Lane and Sworders Court being accessed from North Street, one of the town's main retail areas. Nearby occupiers include HSBC, NatWest, Pizza Express and Savills.
Tenure
Freehold.
Description
The property comprises TWO SEPARATE UNITS. Sworders Court which comprises a GROUND FLOOR RETAIL UNIT with OFFICE ACCOMMODATION on first to third floors, and Basbow House, which comprises OFFICE ACCOMMODATION on first and second floors, with undercroft parking to the ground floor. There is on-site parking for approximately 12 cars.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises TWO SEPARATE UNITS. Sworders Court which comprises a GROUND FLOOR RETAIL UNIT with OFFICE ACCOMMODATION on first to third floors, and Basbow House, which comprises OFFICE ACCOMMODATION on first and second floors, with undercroft parking to the ground floor. There is on-site parking for approximately 12 cars.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
R PELLY, C GRIMWADE & P PELLY (t/a Pellys LLP) (2)(3)
25 years from 24/06/1987
£87,100
(23/06/2012)
Basbow House
First Second
Office Office
89 sq m 101 sq m
(958 sq ft) (1,087 sq ft)
GANTRADE (UK) LTD (4)
25 years from 24/06/1987
£34,000
(23/06/2012)
Totals
1,132 sq m
(12,186 sq ft)
£166,100
(1)Pearsons (Enfield) Ltd, established in 1903, run department stores and now employs over 400 people, operating from branches in Bishop's Stortford, Enfield and East Barnet. (Source: www.pearsons-enfield.co.uk 11/06/2010) (2) Please note the tenant has sub-let part of their demise to KMD Enable Financial Management. (3) Pellys LLP is a local experienced commercial law practice founded in 1971 which operates from offices in Bishop's Stortford, Saffron Walden and Cambridge. (Source: www.pellys.co.uk 11/06/2010) (4)Gantrade (UK) Ltd is an experienced and worldwide marketer of a broad range of petrochemical-based products and has been established for over 35 years. (Source: www.gantrade.com 11/06/2010)
